Judging from the data, it looks like some buyers were on holiday in July! Sales and absorption rates were slightly down in most reported markets, but so is inventory. It will be very interesting to see what happens for the month of August with a predicted further reduction in the Bank of Canada benchmark rate.
Of course every neighbourhood and price segment is unique and will have its own market pattern but the market as a whole seems to have continued to be in balanced conditions.
Download Calgary and Area Real Estate Statistics – July 2015
If you are curious about the current market value of your home, or market conditions in general, please feel free to contact us.
Hope this helps!
Susanita de Diego
